this post was submitted on 16 Sep 2023
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Texas power prices soar 20,000% as brutal heat wave sets off emergency (markets.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Texas power prices soar 20,000% as brutal heat wave sets off emergency::On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.

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[–] [email protected] 12 points 1 year ago* (last edited 1 year ago)

5000$ ÷ 1000 kilowatts = 5 bucks a kilowatt jesus, In my area its 0.14 ¢ a kilowatt. I'm pretty sure the math is right.